Tag: Stablecoin

Bitcoin Suisse Exec Laments EU and Swiss Stablecoin Rules

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Peter Märkl, general counsel at Swiss crypto exchange Bitcoin Suisse, said the European Union and Switzerland still lack clarity in their respective stablecoin regulatory frameworks. Märkl told Cointelegraph on the sidelines of the German Blockchain Week that “there’s a lot to be done” when it comes to the classification and the rules applying to stablecoins under the EU’s Markets in Crypto-Assets Regulation (MiCA) framework. He said MiCA provides “a comprehensive, harmonized regulatory framework” for stablecoin issuance, offering and custody. However, “due to the rapidly evolving nature of crypto-assets and their…

Tether USDT Beats Rival USDC Stablecoin On BitPay In 2025

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USDC, the second-largest stablecoin by market capitalization, has been losing market share against its main rival, Tether’s USDt, on the major payment platform BitPay in 2025. After dominating stablecoin transactions on BitPay in 2024, Circle’s USDC (USDC) saw its transaction share plummet against Tether’s USDt (USDT), according to BitPay data shared with Cointelegraph. In January 2024, USDC’s transaction share on BitPay accounted for 85%, compared with USDT’s 13%. By May 2025, USDC’s share had dropped to 56%, while USDT’s had increased to 43%. The change in dynamics came despite the…

Italian Banking Group Banca Sella Pilots Stablecoin Custody With Fireblocks: Bloomberg

Banca Sella, an Italian banking group known for tech experiments, has begun an internal trial that lets a handful of employees hold crypto, including stablecoins, through custody software from Fireblocks. The trial runs until the end of the summer, after which executives will decide whether to open the vault to the group’s 1.4 million customers who keep more than €66 billion ($77.5 billion) under custody, Bloomberg reports. Sella’s test covers custody only. Trading in bitcoin or other volatile tokens is not on its roadmap, according to the story. Europe’s clearer…

Global Dollar (USDG) Stablecoin Launches in the European Union

On July 1, 2025, Paxos officially launched the Global Dollar (USDG), a fully regulated USD-backed stablecoin, in the European Union (EU). Compliant with the EU’s Markets in Crypto-Assets (MiCA) regulation and overseen by the Finnish Financial Supervisory Authority and the Monetary Authority of Singapore, USDG is designed to meet the increasing demand for stablecoins in […] Source CryptoX Portal

Powell Backs Stablecoin Regulation as Circle Pursues US Bank Charter After $18B IPO

Key Notes Powell described stablecoins as positive financial innovation requiring clear regulatory oversight and integration rules. Circle’s trust charter application would enable direct USDC reserve management and tokenized asset custody services. Legislative momentum builds with GENIUS Act potentially arriving mid-July to link stablecoins with Treasury securities. Federal Reserve Chair Jerome Powell stated on July 1 that the United States is “well on the way” to developing a regulatory framework for stablecoins, calling the asset class a “positive step” for the financial system. He emphasized the need for clear, consistent rules…

🚨 BULLISH CRYPTO NEWS! SEC RIPPLE XRP APPEAL, TRUMP BITCOIN, & DANA WHITE VECHAIN!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Crypto News: Ripple drops appeal in SEC XRP case as Judge Torres pushes back on both parties. President Trump makes bullish statements about Bitcoin and Crypto. Dana White says he is all in on VeChain. Show Sponsor – ✅ VeChain is a versatile enterprise-grade L1 smart contract platform 💡Get the (Re)Thinking Crypto Book on Amazon – 🖥️ Learn Crypto with Expert Commentary – Sponsors: 🌟Uphold – Signup with Uphold. Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. 🏠 Propy…

FATF Stablecoin Alarm Not A War On Crypto, Intel Firms Say

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A recent warning from the Financial Action Task Force (FATF) about the rise of stablecoin-related crimes does not pose a threat to the cryptocurrency industry, according to executives at blockchain intelligence firms. The FATF’s call to address rising illicit stablecoin activity reflects the need for close monitoring and analysis rather than aiming to curb their growth, according to executives at Chainalysis and Asset Reality. The global financial crime watchdog sounded the alarm on stablecoins last Thursday, asking regulators to focus on mitigating the risks behind their potential mass adoption. “That’s…

Coinbase Outpaces S&P 500 With 43% June Rise as Stablecoin Narrative Grows: CNBC

Shares of Nasdaq-listed cryptocurrency exchange Coinbase (COIN) rose 43% this month, making the firm the top performer in the S&P 500 since it joined the index at the end of last month. June’s run is already the stock’s best since November and caps three straight monthly gains. Coinbase’s shares reached their highest level since their public debut. COIN hit a $382 high this week before enduring a slight correction, ending the week at $353 and seeing a slight 0.7% drop in after-hours trading to $351. The wider S&P 500 index…

Stablecoin Skepticism Grows As IMF Official Challenges Their Money Role

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According to a recent analytics, stablecoins handled 35 trillion in on-chain transaction volume over the past year, with their average supply hovering around 195 billion. Those numbers show how much these tokens fuel trades, loans and cross-border transfers. Yet questions about whether they really count as “money” are now front and center. Stablecoin On-Chain Traffic Based on reports, stablecoins have become the workhorses of crypto trading. Volume hit 35 trillion in the last 12 months. At the same time, their circulating supply stayed at 194.6 billion. That steady supply suggests…

🚨HUGE XRP NEWS! COINBASE XRP DEFI & ETF GOES LIVE! TRUMP READY TO SIGN CRYPTO & STABLECOIN BILLS!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Crypto News: XRP ETF goes live on Toronto Stock Exchange. Coinbase adds XRP DeFi via Base and Moonwell. Trump posts about stablecoin bill passing in Senate and that he is ready to sign. Show Sponsor – ✅ VeChain is a versatile enterprise-grade L1 smart contract platform 💡Get the (Re)Thinking Crypto Book on Amazon – 🖥️ Learn Crypto with Expert Commentary – Sponsors: 🌟Uphold – Signup with Uphold. Terms Apply. Cryptoassets are highly volatile. Your capital is at risk. 🏠 Propy (PRO) is…